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PIA Press Release
2009/02/21

Prices of basic commodities remain stable

by Lito Dar

Baguio City (21 February) -- Prices of basic commodities remain to be stable with some even sold at a price lower than the suggested retail price. This was bared by Department of Trade and Industry (DTI-CAR) Director Carmelita Usman, during a Kapihan forum Wednesday.

According to Usman, based on their monitoring,. Prices of flour went down and they are now set to monitor the price of bread and other flour based products, to see if it will follow the trend, she added.

There is also no problem on the supply of Liquefied Petroleum Gas or LPG, as shown in their latest monitoring of major LPG suppliers like MJ Gacad Marketing in La Trinidad, EMC Marketing in Abanao Street and the Tiongsan Gas Center in Military Cut-off road.

The National Food Authority also assured enough supply of rice. NFA economist III Celia Soriano said they have a present buffer stock (as of Thursday) of 71,410 sacks of rice that will last for 68 days based on the average sales.

Meanwhile, Department of Tourism Director Pura Molintas stated that despite the global financial crisis, they have to continue to campaign and promote various festivals and events around the region, because whenever there is an international crisis, the trend shift or leans towards domestic tourism, which is beneficial to the region's economy.

In line with this, the Baguio Centennial Commission, the Office of Congressman Mauricio Domogan, the City government of Baguio and the Regional Development Council (RDC-CAR) are planning for a more elaborate "Wow Philippines, Cordillera's Best 2009" with the City's centennial.

One of the objectives of the event is to build on the strength of Baguio as a tourist hub to boost the Cordillera tourism industry, so as to disperse tourist arrivals, investments and economic benefits to the different parts of the region. (PIA) [top]

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